Local Rule L.B.R. 3017-3: Disclosure Statement – Cases that Are Not Small Business Cases

L.B.R. 3017-3 Disclosure Statement – Cases that Are Not Small Business Cases.

(a) Procedure for Conditional Approval.

In appropriate circumstances, a plan proponent may file a motion requesting (i) conditional approval of a disclosure statement; (ii) approval of solicitation procedures and forms of ballots and notices; and (iii) the scheduling of a joint hearing to consider final approval of the adequacy of the disclosure statement and confirmation of a proposed plan. The motion may be granted without a hearing if the motion provides at least fourteen (14) days' notice to the United States Trustee, any statutory committee, the twenty (20) largest unsecured creditors and all parties who have requested service. Any objections to a request for conditional approval must be filed within fourteen (14) days. The failure to object to a request for conditional approval does not constitute a waiver of any objection to the final approval of a disclosure statement or confirmation of a proposed plan.

(b) Combining Documents.

A disclosure statement and plan may be combined into one document so long as the combined document contains information consistent with section 1125 of the Bankruptcy Code.